The Oregon Prosecutor General (AG) mentioned XRP and 30 other cryptocurrencies as the alleged “unregistered securities” in a complaint at the level at the state level on Coinbase. The claim is in accordance with the decision of the Securities and Stock Exchange Committee (SEC) to abandon the case against the cryptographic market, which prompted industry data and investors to call the unlawful movement and “politically motivated” operation.
XRP, Sol and Ada called “unregistered securities”
The Prosecutor General in Oregon Dan Rayfield lodged a complaint against Coinbase on April 18, claiming that the American exchange of cryptocurrencies violated the law of securities in Oregon, facilitating the sale of unregistered cryptocurrencies to the residents of the state.
A court document, submitted to the Multomah District Court, states that the cryptographic exchange “constantly and repeatedly violated the right of securities in Oregon, which attributes responsibility to persons [s]elbow[] or successfully enlist[] Sales of security … in violation of the right of securities Oregon (ORS 59.115 (1) (a)), as well as to people who “participate[] or materially aid[] On sale “(Ors 59.115 (3)).”
On Monday, Vice President of Paradigmu for Regulation, Justin Slaughter, Highlighted The fact that the complaint Oregon AG is a “real kitchen sink”, covering much more tokens than the case of the Securities and Stock Exchange Commission (SEC).
The claim claims that the cryptographic exchange offered and sold 31 cryptocurrencies as investment agreements. The list of alleged “unregistered securities” includes Aave, ADA, ALGO, AMP, APE, ATOM, AVAX, AXS, CHZ, Comp, Dash, DDX, EOS, FLOW, ICP, LCX, Link, MATIC, MIR, MK, nearby Xyo.
Excerpt from Oregon AG's complaint agaisnt Coinbase. Source: Justin Slaughter on X
Journalist and host of Eleanor podcasts excellent The fact that Rayfield’s complaint calls 18 consecutive cryptocurrencies than the SEC originally listed in her case, in which 13 tokens were mentioned: SOL, ADA, Fil, Sand, AXS, CHZ, FLOW, ICP, Middle, close, VGX, Dash and Nexo.
In the context of SEC, she sued Coinbase in June 2023, the claim that the platform was an unregistered stock exchange. The regulatory agency argued that the stock exchange was acting as an unregistered broker-broker and illegally sold unregistered securities under the Staking program. Nevertheless, the claim was dismissed in February 2025.
Coinbase Slames Oregon AG Produs
Legal Director Coinbase (CLO), Paul Grewal, stated that “regardless of your assets or project”, the Prosecutor General in Oregon “accused you of violating the provisions regarding securities and bringing token holders”.
In his Monday post he added that the stock exchange informed about 560,000 users in Oregon “of illegal actions taken on their behalf.” Last week, Grewal called the lawsuit “embarrassing the taxpayers’ dollars in Oregon.”
Coinbase's CLO responds to Oregon AG's list of alleged unregistered securities. Source: Paul Grewal on X
Rayfield claims that Coinbase was selling high -risk investments without being properly checked to protect consumers, causing significant losses with Oregon. Nevertheless, Grewal criticized legal proceedings, suggesting that the claim is politically motivated after the complaint omitted the key details.
Do not search further than Section 9, where 1) omits the decision of Judge Failla, which grant the interlocutors’ appeal about the @secgov case; 2) omits all references to the decision of Judge Torres in XRP; and 3) bears the seal of two private law firms that brought profits from this claim; 4) means the chairman of SEC as a “cryptographic lobbyist” and 5) revives the re -assembly of the leading lawyer Gensler to the IT department. Not completely subtle.
Clo Coinbase also stated that the office of the Prosecutor General “explained” that “they literally collect where he left Gary Gensler Sec.” Grewal believes that “Copycat Case” Oregon AG is trying to “resurrect” the long criticized regulatory approach of the commission, which has recently been dropped.
In particular, the SEC was told on the “regulation by enforcement” to supervise the sector under the administration of a cryptocurrency warm Trump. As part of the amendment, the regulatory agency turned to a special cryptocurrency enforcement unit, closed or stopped most of its main disputes and formed a task -oriented group to supervise the establishment of a comprehensive regulatory framework.
Total crypto market capitalization is at $2.8 trillion in the one-week chart. Source: TOTAL on TradingView
A distinguished painting with unmplash.com, chart from tradingview.com
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